At the end of 2006, new regulations came into effect for the various series supported by the Automobile Club de l'Ouest (ACO).

The C60s however did not meet the 2007 regulations, and team owner Henri Pescarolo chose to become a full constructor for the first time.

In order to broaden their customer base, the 01 was designed to meet the regulations of both the LMP1 and LMP2 classes with minor variation required.

British team Rollcentre Racing chose to re-enter the LMP1 category and campaign an 01-Judd alongside the two Pescarolo Sport cars.

The German Kruse Motorsports team were the first to purchase an LMP2-spec car, using the smaller Judd V8 as a powerplant.

Lister Cars also announced their intentions to purchase a chassis, which they would later modify, to replace their ineligible Storm LMP.

Kruse's season was cut short as a fire on board the team's transporter destroyed their car.

Only the #16 Pescarolo, which had earned a podium the previous year, was unable to complete the full race.

Pescarolo Sport #16 finished second in the LMP1 class Teams Championship thirteen points behind AMR Eastern Europe who ran a Lola-Aston Martin B09/60.

In December 2009 OAK Racing reached an agreement with Pescarolo Sport to take over the manufacturing side of its business.

Consequently, the development and construction of the chassis, bodywork and spare parts of the Pescarolo prototypes was assumed by OAK Racing, as well as all commercial activities.

[1] In 2010, Pescarolo Sport did not race at all, the company being eventually disbanded on July 13 after having been in receivership in June.

Though, OAK Racing, still partnered with Mazda France, competed in the Le Mans Series season, with two Evo chassis' in LMP2 category.

On 15 October 2010, during the asset sale of Pescarolo Sport, OAK Racing owner Jacques Nicolet and Prestige Racing’s Joël Rivière joined forces to purchase the lots, later presenting them to Henri Pescarolo and thus allowing him to revive his team.

[2] OAK Racing split the design, manufacturing, and sales divisions of the team into an independent company named Onroak Automotive and continued to run their modified version of the 01 in the LMP1 class for the upcoming 2012 FIA World Endurance Championship season.